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<br /> Fi(�Nc�. 83f3
<br /> . 7►.1 r96 ��y�» �„�����`S�
<br /> sum then due shall be deemed an accrptance orr ac�aunt�nly and upon cundllic�n that it shall n�xt
<br /> cor►stttute a walv�r of the abl(gatian of 1'rustar tn pay the entire sum then c�uc,and failur+r of Trust�r
<br /> to pay such entire sam then due shall b�and continu�e to be an Ev�nt of Default natwfthstandlnA auch
<br /> a�ce�tance of such amnurtf u�i aeioui�4, as :.foresalc�. 8encficiary�r Trustt�e shall be, at alt Umes —
<br /> thereafter�nd untl)the entire sum then due shall have been palci,and natwfthstandin�the acceptance
<br /> by Ben�ficiaiy thereafter of further sums on account,or otherwise,entitled ta exer�ise all r3ghts In his
<br /> instrument conferred upon th�m or either of them,and the right to praceed with a sale under any
<br /> not�ce of default or an electian to sell,or the right to exerci�any other rfghts or remedles her�►un�c'r►
<br /> shall 3n R�way be impalred,whelhe�any of su�h amounts are received pr(or or subsequ�nt t��slcch
<br /> proceeding,el�ction or exercise. Ccnsent by Beneflciary to any action or inacilofi of Trustor whir.tl
<br /> is su�Oject to cnnsent or approval of Beneficiary hereunder shall not be deemed a waiver of tb�e right
<br /> to�equire such consent or approval tr�future or successive actions or inactions.
<br /> ARTICLE VI
<br /> � �ysc � � -- -
<br /> Sectian 6.01. S��Y�ninY Law. This l7eed of Trust shall be governed by the laws of the state
<br /> � - in which the Prope►iy is located. Jn the event that any provisia�or clause of this Deed of Trust conflicts
<br /> with aW��a9e��ble laws,such coret`1a�s shall not affect oth'er provi�ions of this Deei�'of Trust which can
<br /> . be givei��fect without the conflicting provcsior�,and to this end the p�ovisions��this DeEd af Trust
<br /> �: are declared to be s�yerable. �hts instrume�t cannot be waived,ch�r,ged,discharged or terrninated
<br /> ., • orally, bat anly�by'an instrument in writing sig�ed by the party ag�inst whom enforcernent of any
<br /> � �� , wafve�,change,discharge or termination is sought. ,
<br /> � Section 6.Q�. �yaiver of K�. i o ae�e r.iiic��i�i�tiii�$`�9�;�:,Tsu�i�r waivas the 6�nefit of �
<br /> , ' ` ai1 Iaws�4w exiseing or that he�eafter�ay iaQ enacted(3)providing Tnr any appraisement betc�Ie�.�a.le '
<br /> of any:portion of the Mortgaged Property,and(ii)in any way extending the time for the enfvr`rc:ernent.. .� �
<br /> of the coltection of the Secured Outig,ations or creating o�extending a period of�demption f�om any ,
<br /> sale made in coltect+ng the Secured Obligations. To the full extent Trustor may c�o so,Trustor agrees
<br /> that Trustar wiil nat at any time insist upon,p1ea,claim or take the ben�t or advantage af any iaw now ,
<br /> or hereafter 9n force providing for any appraisement,valuatian,stay,extension or revlemption,and
<br /> Tnisior,for Trustor,Trustaf's representatives,successo�s and assigns,and for any and all persons aver
<br /> c;laiming any interest in xhe Matgage�d Prnp�nY�LO[(t�Cricin j'ic"�iiii.�''+�'��`�13U••�°r°-+�v yyaiv!!S atld =
<br /> releases ali rights of redernption, valuation,appraisement, stay of execution, notice of electi,on to
<br /> mature or declare due the vvtx�le of the Secured Obligaticx�s and marsha�in8 in the event offareclosure
<br /> of the liens hereby created. If any 1aw refened to in tF�is Section 6.02 anr��ow in focce,of which
<br /> T�ustor,Trustor's hei►s,de+iisees,�epresentatives,suc�es�rs and assigns�r ather persc�n might take
<br /> advantag�clespite this Section 6.02,shall hereafter be repealed or cease to be in force,�a�ch law shall
<br /> not tttiefeafter be deemed ta preclude the application of this S�ctiat 6.02. Trustor expresslywaives and
<br /> relinquishes any and all tights,remedies and defenses tfiat Trustor may have or bQ able to asse�t by
<br /> Peason o�the laws af the swte in which the Profrerty is Iocated p�taining to thP rights, temedies and
<br /> defenses of sureties.
<br /> . Section 6.03. �t!�•k��f f��. /111 agreements betw�een trustor and Beneficiary.,whethet' .
<br /> , now existing or hereafte�r arising and whether written or orai, are exp��essfy limitec! so tfiat in no
<br /> contingency or et�ent whatsoever shall the amount pa9d,cx agreed to b+a paid,to Beneficiary for the
<br /> use,forl�earance,or deter►ticx�of thP mo^ey to tse loaned pursuant to the Promissory Note a otherwise,
<br /> � or fcir the performance or payment of any covenant or obligation cor+tained hereir+,exceed the
<br /> maximum amount pemiissible unc�er applicable law. If from any cir�urnstance whatsoe�uer�ulflllment
<br /> of �ny provision h�reof at the tirrie pe+for�nance of such provision shall be due sh�i�l involve
<br />— transcending the limit of validity pres�ibed by law,tfien.i�f�,��e��'S�tion to h�e fulfilled shall
<br /> be reduced to the iimit of such validity,and if from any such circumstance Beneficiary or ha�der af the
<br /> Promissory Nate shall ever receive as interest under the P�omissory Note or this Deed uf Trust�or
<br /> atherwiss anything of value which would exceed ia�terest at the highest lawful Pate,such arnount that
<br /> w�ould be excessive interest shall be applied tn the reduction of the princ3pal amount awing under the
<br /> ._� •� �,....,�,�r►w�����.d�or rn the oayment of interest,a if
<br /> Yromissory nioie vr vn�����.n•n.�.,..�...............�-.._..__-- -..
<br /> such excessive inte�est exce�eds tt�e unpaid bal�nce of principal of ihe Promissory Note ai�d such nther
<br /> S�cured Obligations,suck�exc�ess shat!tre refunded to 7rustor,a to the maicer of the Promissory Nnte,
<br /> or u2hef�vidence�f SecurQd Obligatamrus,if other than Trustor. A.SI sums paid or agre�l td bQ{�aid to
<br /> Beneficiary for the use, forl�earance, or detention of the Secured Obligatic�ns shatl,to the extent
<br /> permitted by applicable law,iae amatized,prorated,allocated and spread thro��ghout the�ull term nf
<br /> such obligai�ur�s untit payment in full so�2trat the rat�e of interest on uc+cnunt of Secur�ed Oblip,ations is
<br /> uniform Fhroughout the term ei�Qteuf. 1(�he temns and provis9ons of this paragraph shall conirel all
<br /> agreements between Trustor,nr the maicer of the Promi�sory Note, or oth�r evidence of Secured
<br /> Obligations,if other than Tnistor,and Beneficiary.
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